Recent Research Analysts’ Ratings Changes for Apptio (APTI)

Apptio (NASDAQ: APTI) recently received a number of ratings updates from brokerages and research firms:

  • 2/14/2018 – Apptio was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 2/9/2018 – Apptio was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Apptio, Inc. is a provider of cloud-based technology business management software for managing business of information technology. It offers cloud application which includes Apptio Cost Transparency, Apptio IT Planning, Apptio IT Benchmarking, Apptio Business Insights and Apptio Bill of IT. The company also offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. is based in Bellevue, United States. “
  • 2/8/2018 – Apptio was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $28.00 price target on the stock. According to Zacks, “Apptio, Inc. is a provider of cloud-based technology business management software for managing business of information technology. It offers cloud application which includes Apptio Cost Transparency, Apptio IT Planning, Apptio IT Benchmarking, Apptio Business Insights and Apptio Bill of IT. The company also offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. is based in Bellevue, United States. “
  • 2/7/2018 – Apptio was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 2/6/2018 – Apptio had its price target raised by analysts at Barclays PLC from $22.00 to $28.00. They now have an “equal weight” rating on the stock.
  • 2/6/2018 – Apptio had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $33.00 price target on the stock.
  • 2/6/2018 – Apptio had its price target raised by analysts at Bank of America Corp from $25.00 to $30.00. They now have a “buy” rating on the stock.
  • 1/30/2018 – Apptio had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $31.00 price target on the stock.
  • 1/26/2018 – Apptio had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $29.00 price target on the stock.
  • 1/23/2018 – Apptio is now covered by analysts at Nomura. They set a “buy” rating and a $33.00 price target on the stock.
  • 1/18/2018 – Apptio was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/10/2018 – Apptio had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $27.00 price target on the stock.
  • 1/5/2018 – Apptio was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 1/2/2018 – Apptio was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Apptio, Inc. is a provider of cloud-based technology business management software for managing business of information technology. It offers cloud application which includes Apptio Cost Transparency, Apptio IT Planning, Apptio IT Benchmarking, Apptio Business Insights and Apptio Bill of IT. The company also offers Data Studio, Model Studio and Report Studio under TBM Studio. Apptio, Inc. is based in Bellevue, United States. “

Shares of Apptio Inc. (NASDAQ APTI) opened at $25.23 on Thursday. The company has a market cap of $1,020.00 and a PE ratio of -38.82. Apptio Inc. has a one year low of $10.77 and a one year high of $26.99.

Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Monday, February 5th. The technology company reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $52.40 million during the quarter, compared to analyst estimates of $49.93 million. Apptio had a negative net margin of 13.59% and a negative return on equity of 35.28%. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. analysts expect that Apptio Inc. will post -0.44 earnings per share for the current year.

In other news, insider John C. Morrow sold 28,337 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $22.55, for a total transaction of $638,999.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sachin Gupta sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $22.16, for a total transaction of $1,772,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 534,210 shares of company stock valued at $12,381,608. Company insiders own 43.20% of the company’s stock.

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

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